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HARASSMENT BY MONEY LENDERS
Can a bank seize your vehicle after EMI default? What borrowers need to knowFacing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without du...- Can banks block your mobile in case of loan default? RBI lays down rules for restricting services; Rs 250/hour compensation in this caseIf the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of ...
- A loan you never took; How PAN fraud is wrecking credit scores in India and what you should do to protect yourselfIndians are facing a new threat: PAN-based loan fraud. Criminals are using stolen PAN details to take out loans without consent. This is da...
- Hyderabad triple suicide: Four arrested over alleged loan harassment leading to family’s deathFour money lenders have been arrested in connection with the alleged abetment of suicide of a couple and their son in Amberpet. The family ...
- When easy EMIs become a trap: 85% of struggling borrowers spend over 40% of their income often to predatory lendersA nationwide survey reveals thousands of Indian borrowers are trapped in debt due to easy credit, with 85% dedicating over 40% of their inc...
- Will amend law to rein in microfinance companies: Karnataka CM SiddaramaiahKarnataka Chief Minister Siddaramaiah has announced the state's decision to amend existing money lending laws and introduce new legislation...
- Xiaomi to start focusing on fintech business growth this year: Manu JainThe handset maker is aiming to become one of the largest players in the country's fin-tech space through its Mi Credit lending service and ...
- State govt will provide Rs 50 to 100 per day to college going students: Himanta Biswa SarmaSarma said that with the coming of BJP led government in power state has seen new dawn of development. He said, “Free text book is provided...
- 2 Chinese among 4 held for running instant loan appThe investigation based on a complaint here, revealed the prime accused to be operating from China, the police said. The two Indians had be...
- Harassment by instant loan apps firms: Chinese national among 3 arrested by Telangana policeThe action comes close on the heels of the arrest of four people, including a Chinese national, on Friday for allegedly using coercive meth...
- Rs 10-Lakh limit on P2P lending will hurt industry: FoundersThey fear that these issues could eventually drive potential investors out of this segment as well.
- Cartoonist held in Tamil Nadu for caricature on CM K Palaniswami over usury: PoliceCartoonist G Bala alias Balakrishnan was arrested in Chennai by a special Tirunelveli District Crime Branch Police team led by an inspector...
- Harassment for loan repayment amounts to abetment of suicide: HCThe Bombay HC has ruled that continuously attacking a family man, both verbally and physically,amounts to "instigation and provocation" to ...
- AP enacts law; no money lending without license nowIn the wake of the call money racket issue that rocked the state in recent weeks, Andhra Pradesh Legislative Assembly today passed a bill t...
- YSRC boycotts AP session over call racket, RK Roja's suspensionOpposition leader YS Jagan Mohan Reddy led his party members out of the House. The winter session has been rocked by opposition protests on...
- Two YSRC MLAs suspended from Andhra Assembly; House adjourned over 'call money' issueThe Legislative Affairs Minister attacked Opposition leader and YSRCP President Y S Jaganmohan Reddy for not letting the House debate.
- Lok Sabha passes Negotiable Instuments (Amendment) BillS S Ahluwalia, P P Choudhary and R K Singh expressed apprehension that the new legislation could be used by corporates to file cases agains...
- No blanket ban on 'Operation Kubera': High CourtThe Kerala High Court today refused to interfere with 'Operation Kubera', launched by the state government as part of its drive against ill...
- Bill to regulate money lending passed in Maharashtra assemblyRs 22,700 crore crop loan has been disbursed to farmers this year and in the next year's credit plan of Rs one lakh crore, the target for c...
- SKS Microfinance scrip tanks 5 pc on BSESKS Microfinance today tumbled after the Andhra Pradesh Police arrested three people working with it and another small lender Spandana.
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